Wayne Savings Community Bank

Wayne Savings Community Bank Locations
151 North Market Street
Wooster, OH 44691
800 414-1103
www.waynesavings.com

Wayne Savings Community Bank is headquartered in Wooster and is the 50th largest bank in the state of Ohio. It is also the 1,626th largest bank in the nation. It was established in 1899 and as of March of 2012, it had grown to 112 employees at 11 locations. Wayne Savings Community Bank has a 4-star health rating.

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Competitive Long-Term CD Rates in Ohio at Wayne Savings - Local Only - 3/22/2012

Wayne Savings Community Bank just increased the rates on its long-term CDs and IRA CDs. The new rates are now quite competitive. These include a 3.00% APY 10-year CD and a 2.00% APY 6- and 7-year CD. ...



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See Rates for: Checking | Savings | Money Market | CD

Wayne Savings Community Bank Checking Account Rates

ApyMinMaxProduct
0.05%$1k-Interest Checking
0.05%$1k-Simply 50 Checking

Wayne Savings Community Bank Savings Account Rates

ApyMinMaxProduct
0.10%$2,500-Passbook Savings
0.10%$2,500-Statement Savings
0.10%$2,500-Student Savings Account
0.10%$100-IRA Statement Savings

Wayne Savings Community Bank Money Market Rates

ApyMinMaxProduct
0.15%$25k-Money Market Investor

Wayne Savings Community Bank CD Rates

ApyMinMaxProduct
2.50%$500-10 Year CD
1.50%$500-6 Year CD
1.50%$500-7 Year CD
1.25%$500-5 Year CD
1.10%$500-4 Year CD
0.75%$500-3 Year CD
0.50%$500-30 Month CD
0.47%$500-2 Year CD
0.27%$500-18 Month CD
0.22%$500-1 Year CD
0.17%$500-182 Day CD
0.10%$500-91 Day CD

Rates updated: 5/26/2012

Data for Q1 2012


Institution Statistics


Wayne Savings Community Bank
OTS #04195
FDIC Certificate #29847
BankRate ReportView
Year Established1899
Employees112
Primary RegulatorFDIC

Assets and Liabilities

Assets$409.04 million
Loans$231.46 million
Deposits$332.74 million
Equity Capital$38.92 million
Loan Loss Allowance$4.57 million
Unbacked Noncurrent Loans$5.99 million
Real Estate Owned$105,000

Historic Data - March 2011

Assets$407.76 million
Equity Capital$37.39 million
Loan Loss Allowance$1.84 million
Unbacked Noncurrent Loans$4.73 million
Real Estate Owned$2.21 million

Profit Margin - Quarterly

Net Interest Margin3.36%
Return on Assets0.18%
Return on Equity1.91%
Interest Income$4.00 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Wayne Savings Community Bank had $6.09 million in non-current loans and owned real-estate with $43.49 million in equity and loan loss allowances on hand to cover it. This gives Wayne Savings Community Bank a Texas Ratio of 14.01% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Wayne Savings Community Bank decreased slightly from 17.71% as of March 31, 2011 to 14.01% as of March 31, 2012, resulting in a positive change of 20.91%.This indicates that the balance sheet and financial strength for Wayne Savings Community Bank has improved slightly in recent periods.
Deposit Growth4
In the past year, Wayne Savings Community Bank has increased its total deposits by $11.72 million, resulting in 3.65% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Wayne Savings Community Bank has shown is above average.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Wayne Savings Community Bank has $409.04 million in assets with $43.49 million in equity, resulting in a capitalization level of 10.63%, which is above average.
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